Analyst Research Report Snapshot

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Summary:

The half year cut off provides an unflattering picture of Bloomsbury, with normal H1 high absorption of working capital, lower interest income and only export sales of HP7. With cash and inventory levels now returning nearer normal and a reduction in the high proportion of returns in the US, H2 should recover the lost ground, despite heavier marketing costs, leaving market forecasts broadly unchanged. FOR MORE INFORMATION ON ATTACHED RESEARCH PLEASE CALL 020 7190 1755 OR EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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